Sep 13, 2010 10:00am EDT
country. thanks for joining us on "washington journal" and will be back tomorrow morning at 7:00 a.m. eastern half to take your calls. . >> happening right now on c-span 2, the impeachment trial of louisiana federal judge thomas porteus accused of taking bribes. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] senators are considering a judicial nomination before resuming debate on a small business bond. the bill includes $12 billion in tax breaks, an additional small business support for it live coverage when the senate comes in this afternoon at 2: 30 eastern. domestic manufacturing and energy efficiency, live coverage on cspan when the house gavels in tomorrow at 2:00 p.m. eastern. >> every weekend on cspan 3, experience american history. 48 hours of people and events telling the american story. here historic speeches by national leaders and eyewitness accounts by events that shaped our nations. visit museums, historical sites, and college campuses as professors and leading historians tell them to america's past. am
Sep 3, 2010 2:00am EDT
needed that becomes too big to fail. the bill doesn't give us the authority but it does give us the authority if we despair of these other methods that we believe the firm in size and complexity is dangerous we have both of the living will requirement but also the authority regulators collectively to break up firms. i don't know the answer to that question. that is the charge congress has been -- given the regulators and we take seriously that charge. we put in place some reasonable approaches, but i appreciate your historical perspective which says over the long run you have to take into account the political influence of these large institutions. >> in terms of the will of the institutions themselves, there is a division in american industry. some industries have adopted levels of self regulation, in depth, an acceptable behavior for instance nuclear power industry has developed impressive processes. best practice and enforcement, on the other hand. they had just seen one of the manifestations. the financial community or nuclear power industry or more like deepwater drilling.